Bitcoin's market performance has been significantly bolstered by the approval of the Bitcoin spot ETF in early 2024, with ETF fund holdings steadily increasing and driving the price to an all-time high of $108K by year-end. This surge underscores the pivotal role of capital inflows through ETFs as a catalyst for Bitcoin's growth.

Looking ahead, the pro-crypto policies of the Trump administration, effective January 2025, are anticipated to further enhance market conditions. Regulatory easing is expected to attract greater institutional participation, potentially boosting Bitcoin ETFs and supporting long-term growth.

Nonetheless, investors should remain vigilant. A slowdown in ETF inflows, as observed in Q2 2024, could lead to temporary price stagnation. Monitoring these trends will be crucial for navigating potential volatility while maintaining an optimistic outlook for Bitcoin's future.